Risk Management
At Dubai Holding, we constantly monitor and evaluate all areas of risk for our companies. By consistently identifying and addressing risks, we protect and create value for our stakeholders and our community.
Our central Group Risk Management team oversees all risk management, both at a group level and within our subsidiaries.
We rolled out a new Enterprise Risk Management (ERM) approach across the Dubai Holding group in 2007. This methodology draws on internationally accepted risk management fundamentals, from frameworks such as the Committee of Sponsoring Organisations of the Treadway Commission (COSO). We use it to ensure that our business strategies carry an appropriate level of risk for our stakeholders, to improve how we address identified risk, to plan for offsetting potential losses and to increase our ability to identify and realise opportunities.
We also have a network of risk managers throughout our subsidiary companies, supported centrally by Group Risk Management.
Continuity of Business
We have developed a Business Continuity policy with overall governance and accountability assigned to the Executive Chairman Dubai Holding Operations. The Policy provides a strategic directive from senior management demonstrating commitment to the Business Continuity Management programme.